Friday, May 25, 2012

S. 3187 Passes Senate Nearly Unanimously

S. 3187 forces drug/medical device buyers, to pay an extra tax ("user fee"), that is bundled up and sent back to Big PHARMA. It's a little over $600 Million over the next five years (this is actually just the tip of the Iceberg, they  give back alot more, but the actual "law" text amended by this,is hard to find). Considering that none of the drug/medical device companies are losing money (or paying taxes), this is just another way taxpayers fund Dividends on the companies stocks. Much like we do for Oil companies. So much for "free markets".

It also cuts $1.5 Million from Pediatric Device research, and Pediatric Drug research.  At least they screwed us across the aisle.

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